The Mass Transit Railway Corp has tapped the local capital market for $1 billion through a public Hong Kong dollar fixed-rate note issue - the largest such issue in the Hong Kong dollar market by a local firm in recent years.
The issue formed part of the corporation's existing debt-issuance programme.
The programme envisaged the MTRC raising an estimated $10 billion this year, not including fund-raising from a possible listing.
The borrowing target was set for the corporation's capital expenditure for next year.
The MTRC said it would use the proceeds from the $1 billion issue to finance new capital expenditure and refinance maturing debts.
The issue met with strong institutional investor demand and demonstrated the MTRC enjoyed continued support from Hong Kong dollar investors, it said.